Here’s a look at some of the stocks the Yahoo Finance team will be watching for you today.
Apple (AAPL) tops our list after Qualcomm (QCOM) fired another shot in its legal battle against the tech giant. The chipmaker claims that Apple infringed upon six of its patents and it’s asking US authorities to halt imports of some iPhones and iPads that don’t include Qualcomm chips.
Meanwhile, Samsung (SSNLF) looks set to pass Apple as the world’s most profitable technology company at least for a quarter. The South Korean tech giant expects operating profit for last quarter to surge by 72% to about $12 billion. That’s about $1.5 billion more than what Apple is expected to report for its latest quarter when it releases results next month.
The recent global cyber attack will take a toll on Mondalez’s (MDLZ) second quarter revenue. The snack food giant behind brands such as Oreo said the incident will trim three percentage points from revenue growth. Shares of Mondalez were slightly lower on the news in early trading.
Elsewhere in the food space, Campbell Soup (CPB) is buying organic soup maker Pacific Foods for $700 million. This comes as packaged food companies look to meet consumer demand for fresher and more natural foods.